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Eleven Indian Americans named in the Forbes 2017 Midas List

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Midas List
Midas List

Neeraj Agrawal has been selected to the Forbes Midas List for the seventh consecutive year, he paces a field of nearly a dozen Indian American venture capitalists named to the list this year.

SAN FRANCISCO (Diya TV) — Eleven Indian-American investors have been selected to this year’s Forbes list of the world’s 100 best venture capitalists.

Produced annually, the “Midas 2017” list is comprised of the world’s top angel investors, it takes into account a venture capitalists complete portfolio currently and stretches back five years. Jim Goetz, a partner at Sequoia Capital, topped the chart of this year’s list.

Neeraj Agrawal, a general partner at Battery Ventures, crept the highest of any Indo-origin investor on the list, ringing in at the No. 17 spot. Sameer Gandhi, a partner at Accel Partners, followed just behind at No. 23; Asheem Chandna of Greylock Partners chimed in at No. 28; Salil Deshpande, the managing director of Brain Capital Ventures was selected at No. 33 and Aneel Bhusri, the chief executive and co-founder of Workday came in at No. 37.

Have a look at Forbes’ complete Midas List for 2017 here.

For Agrawal, the selected spelled his seventh consecutive appearance on the list. Two of his companies — Coupa and Nutanix — went public last year. Another, AppDynamics, was set to go public earlier this year before Cisco stepped in with a nearly $4 billion acquisition.

Taneja, who holds five different degrees from the prestigious Massachusetts Institute of Technology, makes his inaugural Midas List appearance. This comes after an early investment in Snapchat, the social media platform that exploded to a $25 billion public offering in February of this year.

 

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India may offer to cut import duties, for U.S. goods

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India

NEW DELHI (Diya TV) — India has a road map in place to spend $130 billion over the next 5-7 years to modernize their armed forces and bolster their combat capabilities over their neighbors. The plan includes procurement of a slew of weapons, missiles, air defense systems, fighter jets, submarines and developing infrastructure for use of AI.

Meanwhile, India and Russia are increasing industrial cooperation and will create new technological and investment partnerships, especially in high-tech, with the goal to increase bilateral trade to $30 billion by 2025.

And to help Indian’s space agency ISRO establish a communication link with Vikram, the moon lander lying motionless on the lunar surface, NASA is sending hello messages. NASA’s Jet Propulsion lab beamed a radio frequency to Vikram to establish contact, but no luck so far.

Ravi Kapur contributed to this report.

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FBI: Amity CEO Ridhima Singh, others accused of major healthcare fraud

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Amity

SAN FRANCISCO (Diya TV) — The FBI says, CEO Ridhima Singh of Amity Home Health Care is among the 28 people, that include doctors and nurses, accused in the scheme. Federal prosecutors charged the Bay Area’s largest home health care provider, Amity Home Health Care, with involvement in a kickback scheme that led to $115 million in tainted claims. The complaint said medical professionals received $8 million worth of bribes disguised as payroll, phony medical directorships, reimbursements, entertainment or gifts, in what the Department of Justice said was simply “a cash for patients scheme.”

The man accused of stabbing and killing 62 year old Parmjit Singh in Tracy made his first court appearance. 21 year old Anthony Kreiter-Rhoads of Tracy pleaded not guilty of homicide during his arraignment. Police are still investigating the motive behind the crime.

And Priyanka Chopra & her husband Nick Jonas were named by People Magazine as their pick for ‘Best Dressed of the Year.’

Ravi Kapur contributed to this report.

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Tanmanjeet Singh Dhesi blasts Boris Johnson for ‘racist remarks’

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Tanmanjeet Singh Dhesi

LONDON (Diya TV) —  In London, the first-ever Sikh Member of Parliament, Tanmanjeet Singh Dhesi, received a round of applause from his colleagues after demanding an apology from British Prime Minister Boris Johnson for making “derogatory and racist remarks” on Muslim women wearing burqas. Johnson rebuffed the claim and did not respond to the statement directly.

Mountain View Police arrested 50 year old Reenu Saini and her four friends for allegedly staging a home invasion to evict tenants from her investment property. When that didn’t work, police say the group shut off the home’s power and tried to open the door.Saini is charged with attempted robbery, burglary of an inhabited dwelling, conspiracy to commit a crime and unlawfully shutting off power to a home

Judge Raag Singhal was nominated to serve as a judge on the U.S. District Court for the Southern District of Florida. And Jones Day partner Shireen Matthews was nominated to serve as Judge on the U.S. District Court for the Southern District of California.

And Silicon Valley AI analytics startup Thoughtspot, which is led by CEO Sudheesh Nair and founded by a group of Indian Americans, raised $248 million at a $1.95 billion valuation.

Ravi Kapur contributed to this report.

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